Iran’s gas plans for Caucasus Iran says it is preparing to triple gas exports to Armenia, start exports to Georgia and store its gas in Azerbaijan’s underground facilities. For now, Iran barters about 1mn m3/d of gas with Armenian power at 1 m3 per 3kWh. Iran said this week that the volume of the gas-to-power […]
Athens is turning to Sofia in an attempt to re-establish its position in the region, top policy expert tells New Europe. Greece and Bulgaria agreed to boost energy security in the Balkans in the framework of the European Union, during Greek Prime Minister Alexis Tsipras’ visit to Sofia on August 1. Tsipras met with his […]
Turkey’s role as a key strategic energy actor in its region is expected to continue without much negative impact from July 15 failed coup, experts told Anadolu Agency Wednesday. “Turkey’s regional energy role remains a key element of Turkey’s economic dynamism,” said David Merkel, a senior fellow at Dinu Patriciu Eurasia Center of the Washington-based […]
On 29 July, the Trans Adriatic pipeline (TAP) consortium announced that 14 000 pipes have already been delivered to Greece and Albania for the construction of the Trans Adriatic gas pipeline. This figure amounts to approximately 30% of all of the pipes that will be used on the construction project. However, according to UPI, a […]
A German bank loan of 50 million euros opens the way for the construction of 126km high voltage 400kV line from Elbasan in Albania to Bitola in Macedonia, designed to integrate the energy trade in the region. Albania’s government on Tuesday will sign an agreement for a loan of 50 million euros with the German […]
Azerbaijan’s state energy company Socar is running into problems concerning its stake in Greece’s natural gas grid operator, Desfa, with the Greek parliament expected to vote imminently for a crucial change concerning the value of Desfa. As a result, Socar is expected to send a delegation of senior officials to hold talks in Athens this […]
Nord Stream 2 is likely to benefit rather than hurt energy security in Central and Eastern Europe and in the UK and Germany. The gas pipeline, which Gazprom and five major Western European energy companies want to build from Russia to Germany through the Baltic Sea, can only be credibly stopped by the EU if […]
SUMMARY World Bank set to fund Azerbaijan and Turkey part of Southern Gas Corridor to Europe Concerns raised over significant risks due to geopolitical context, fossil fuel dependency Defined as “the biggest infrastructure project of our times“ by the European Commission and a priority for the European Union, the Southern Gas Corridor was always going […]
Expenditures of the Southern Gas Corridor CJSC within the framework of the Trans Anatolian Natural Gas Pipeline (TANAP) construction project will exceed $6 billion, a senior official of the Azerbaijan’s state oil company SOCAR told Trend. “Expenditures of the Southern Gas Corridor CJSC, the main share in which belongs to the government of Azerbaijan will […]
IFC, a member of the World Bank Group, and the Albanian Ministry of Energy and Industry have signed a Memorandum of Understanding designed to establish the day-ahead electricity market in Albania, bolster country’s electricity supplies and better connect it to the rest of Europe. IFC will advise the Albanian government on the creation of the […]